News Digest: Growth equity hits decade high on fundraising and deal making
March 15, 2022
News Digest:
U.S. growth equity firms raised over $78.3bn in fresh funds last year, the highest in a decade and over twice the corresponding figure in 2020, highlighting the asset class’ growing appeal to limited partners amid its relative outperformance in recent years as compared to buyouts.
Takeaway:
In tandem, growth equity-centric investment vehicles struck deals worth $121.5bn in 2021 – the largest annual outlay since 2010 – with technology companies and B2B segment accounting for nearly 29.6% and 23.9% of the allocation, respectively.